Fx trading news: UK unemployment rate is higher than expected in February, return to high levels!
2020-03-18 11:50 from：CAPSTONE author：Jack
Capstone forex trading news: The UK February unemployment rate announced at 17:30 on March 17th (Tuesday), announced value: 3.5%, previous value: 3.4%, forecast value:-%.
Number of UK unemployment applicants (10,000 people) in February, published value: 1.73, previous value: 0.55, predicted value:-.
ILO unemployment rate in the United Kingdom in January, published value: 3.9%, previous value: 3.8%, forecast value: 3.8%.
The British unemployment rate in February was higher than expected, and the number of applicants for unemployment benefits was higher than expected. In the three months to January, the UK has created more jobs than expected, but the unemployment rate has also reached its highest level since 2011, suggesting a further tightening of the labor market before the new crown virus begins to erupt.
The National Bureau of Statistics said the number of employed persons increased by 184,000 to 32.985 million, mainly driven by quarterly full-time and record employment growth of women.
However, as the epidemic spreads, British employment is expected to be affected, which will further impact the British economy. The Bank of England's new governor, Andrew Bailey, promised that the Bank would take further "quick action" when needed to help the UK economy cope with the new crown virus outbreak.
Bailey took over Carney yesterday as governor of the Bank of England, and told the BBC that the central bank would "do its best" to ensure that the short-term impact of the epidemic on the economy would not cause permanent damage to Britain's long-term growth prospects.
Why Choose Capstone Online CFD Trading?
* EURUSD Avg spread of 0.1 pips is the best in the world
* Starting Deposit $100
* Leverage up to 1:400
* Transfer your funds securely with 0% Commission
* Average execution speeds of under 45ms*
* Our diverse and proprietary liquidity mix keeps spreads tight 24/5